TIDMARGO

RNS Number : 7393F

ARGO Group Limited

23 March 2022

Argo Group Limited

("Argo" or the "Company")

Director Dealings

Argo Group Limited announces that it was informed on 21 March 2022 that Andreas Rialas had purchased 2,941,805 Ordinary Shares at a price of 18.75 pence per Ordinary Share. Following this transaction Mr Rialas's shareholding (direct and indirect) is 18,969,950 Ordinary Shares, representing 48.7% of the Company's issued share capital.

The notification set out below, provides further details of the dealing:

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Names                                   Andreas Rialas 
      --------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                         Chief Investment Officer 
      --------------------------------------  ------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                    Argo Group Limited 
      --------------------------------------  ------------------------------------------- 
 b)    LEI                                     2138006AZQPG1K8GHO83 
      --------------------------------------  ------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------------------------- 
 a)    Description of                          Ordinary Shares of $0.01 each in Argo 
        the financial                           Group Limited 
        instrument, type 
        of instrument 
 
       Identification                          IM00B2RDSS92 
        code 
 
 b)    Nature of the                           Purchase of Ordinary Shares 
        transaction 
      --------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -------------------  ------------------- 
                                                Price(s)             Volume(s) 
                                               -------------------  ------------------- 
                                                18.75p               2,941,805 
                                               -------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     n/a 
 
  - Price 
 
 e)    Date of the transaction                 23 March 2022 
      --------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                XLON 
      --------------------------------------  ------------------------------------------- 
 

Argo Group Limited +44 20 7016 7660

Jeremy Bradshaw

Panmure Gordon (UK) Limited +44 20 7886 2954

Dominic Morley

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END

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